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Four-Unit Multifamily Property
For Sale
$259,900

555 7th Street, Buffalo, NY 14201

Two detached residences occupy one parcel, with the rear home requiring a full renovation.

Property Size3,870 SF
Days on Market16

Property Features for 555 7th Street

General Information

Standard status Active
Size 3,870 SF
Property subtype Multi Family

Property Condition

Severity Major Repairs Needed
Evidence down to the studs and in need of a full rehab

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $2,882

Amenities

in-unit laundry
covered porches

Building Details

Building Size 3,870 SF
Year Built 1890
Buildings 2
Listing Agency: LoVallo Real Estate
Listed By: Michael Calabrese · License #10301218793
Source: Highfallssir
Added: Sep 21 Changed: Sep 25 Last Checked: Oct 5 at 11:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LoVallo Real Estate

Investment Insights

Based on property information with market context.

This 1890 multifamily property consists of two detached homes on a single parcel. The front residence contains two apartments, each with two bedrooms, in-unit laundry, and a covered porch. Hardwood flooring and original molding remain in much of the interior, and the exterior has received a more recent paint job. The rear residence has been stripped to its framing and needs a complete rehabilitation.

Both homes received full roof tear-offs in 2014. The property is on Buffalo’s lower west side, near the Peace Bridge.

Key Highlights

  • Four‑unit multifamily property with two detached homes on one parcel
  • Front home has two apartments, each with 2 bedrooms, in‑unit laundry, and a covered porch
  • Rear residence is stripped to the studs and needs a full rehabilitation

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Auto Parts Store Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

963
Businesses Nearby

Demographics for 14201, NY

12,364
Population
7,172
Households
1.7
Avg Household Size
33
Median Age
39%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
11,240
Density / Sq Mi
$34,204
Median Household Income
$34,081
Median Earnings
$953
Median Rent
$327,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two detached residences occupy one parcel, with the rear home requiring a full renovation.
Where is this multifamily property located?
The property is located at 555 7th Street Buffalo, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Four‑unit multifamily property with two detached homes on one parcel; Front home has two apartments, each with 2 bedrooms, in‑unit laundry, and a covered porch; Rear residence is stripped to the studs and needs a full rehabilitation
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